The Trump administration forged ahead with plans to conduct mass layoffs, as the fiscal standoff appeared to intensify.
Category: Layoffs and Job Reductions
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The Economic Stakes of a Government Shutdown
Investors have shaken off threats of damage from shutdowns before. But federal layoffs, pauses in economic data and more could make this time different.
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Trump’s Tariffs Threaten to Break Some Small Businesses
Import duties are posing a challenge to some smaller companies, which fear that raising prices to cover higher costs will drive away customers.
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Starbucks to Cut Jobs, Close Stores and Take $1 Billion Hit in Revamp Effort
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”
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Spirit to Put One-Third of Flight Attendants on Leave
The budget airline said it would furlough hundreds of employee as it waded through its second bankruptcy in a year.
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Novo Nordisk’s Woes Are Slimming Denmark’s Economic Growth
Because of its size, the drugmaker has an outsize effect on the country. Now, as it sheds jobs, forecasts for Denmark’s growth are falling, too.
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
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The Long-Term Unemployed Today? College Grads.
For years, only a small portion of the people experiencing long spells of joblessness were college graduates. That’s starting to change.
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Shawn Fain, Who Pledged to Reform U.A.W., Faces Internal Dissent
Dissidents are seeking to oust Mr. Fain as president of the United Automobile Workers union as he prepares to run for re-election next year.
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In “All The Cool Girls Get Fired,” Oprah, Jamie Lee Curtis and More Share Stories
In a new book, two longtime fashion editors — along with Oprah Winfrey, Jamie Lee Curtis and Katie Couric — open up about times they got canned.
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5 Ways to Protect Your Money When You’re Over 50 and Laid Off
When you’re over 50 and suddenly unemployed, priorities will switch to paying bills over saving for retirement. Here are ways to manage.
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Ozempic Maker Novo Nordisk to Cut 9,000 Jobs
The Danish drugmaker said it needed to streamline operations and become more agile, as it faces a more competitive and consumer-focused market.